Monkey Clumps wrote:
> On Jun 27, 3:33 pm, "Bob Eld" <nsmontas...@[EMAIL PROTECTED]
> wrote:
>
>> "Monkey Clumps" <spacebrai...@[EMAIL PROTECTED]
> wrote in message
>>
>>
news:3ef0e996-f783-4de7-b9ff-406287cd5eba@[EMAIL PROTECTED]
>>
>> Cut.....
>>
>>
>>> Oh geez. We're facing an energy crisis that requires innovation and
>>> efficiency to get through and you suggest we solve the problem with
>>> socialism and government intervention, a guaranteed destroyer of
>>> innovation and efficiency. Sounds like a brilliant plan. *roll eyes*
>>>
>> Absolutely, that's the way im****tant, extensive and costly things get
done.
>> That's the way we went to the moon, developed the atomic bomb, built
the
>> interstate highway system. Built the locks and dams on the rivers,
built the
>> canals and water systems on and on. Major projects require government
>> intervention if they are to be accomplished.
>>
>
> Government headed up those projects, but to a large extent private
> contractors did the actual work.
>
>
:-D
>> Private industry will not do
>> them unless there is a clear short term profit.
>>
>
> Private industry was involved in most of those projects.
>
>
;-)
you're a real smart guy.
>> In the case of energy
>> development, private industry would take thirty years to do what can be
done
>> in ten with funding and direction. If we had waited for industry we
NEVER
>> would have gone to the moon. If here is little profit in it so they
won't do
>> it on their own.
>>
>
> Oil companies have been successful at locating and producing oil for
> decades. They have consistently advanced the technology to produce
> deeper and more remote finds. They have a way better track record than
> nationalized companies. Why would you want to let the government
> screw it up?
>
Examine the history of Rockefeller's Standard Oil. He once owned or
controlled about 99.99% of all oil production worldwide. As early as
1939 he was hollering that the world was running out of oil. ****, they
all whined "oil shortage" about a gazillion times in the past 80 years
in order to run the prices up.
When they saw huge profits to be made in Alaska, they first had to run
the prices up in order to justify the investments. so they invented
OPEC. In November 1973 Nixon signed into law authorization for the
pipeline project--a scant two weeks after OPEC began its oil embargo.
Long lines at our gas pumps, the oil prices went up up up.
>> Nobody is talking about socialism or nationalization, that your words.
>> Industry has a role to play, of course, but under contract to
accomplish
>> specific tasks. They should not run "open loop" on im****tant functions
like
>> the nations energy policy.
>>
>
> If the government wants to head up some sort of alternative energy
> initiative like the manhattan project, thats one thing. This thread
> was about drilling oil, which private industry has been doing fine
> with. They just need the government to open up promising areas.
>
>
They just need to uncap their existing wells and drill on the 68,000
acres of proven oil reserves they already have permits for.
>> I come back to the fact the oil in the ground belongs to ALL of us,
>>
>
> And the government *sells* the mineral rights to the companies, so
> your are getting your share via the government.
that's nonsense.
from politico.com:
Taxpayers Could Lose $53 Billion From Oil Leases
A new draft re****t by the Government Accountability Office (GAO)
estimates that the federal government could stand to lose $53 billion in
royalties from deepwater drilling leases in the Gulf of Mexico. Politico
printed a story on the GAO's findings after reviewing the draft, which
is a revision of earlier GAO estimates.
The royalties in question concern leases issued by the Department of
Interior in the late 1990s after Congress passed the Deepwater Royalty
Relief Act in 1995. The law was intended to provide incentives for more
costly drilling in deeper areas of the Gulf by allowing companies to
avoid paying royalties for specific volumes when oil prices were below
certain thresholds. However, for leases issued in 1998 and 1999, the
price thresholds were errantly omitted, and the price of oil has since
increased dramatically, now surpassing four times the original thresholds.
_Once the threshold omissions were revealed_ publicly in 2006, Interior
sought to renegotiate the faulty leases with the oil companies. A small
number agreed, but the vast majority of them are holding out. Congress
has also made several attempts to address the issue but without much
success. This relative inaction is partly due to a lawsuit brought by
Kerr-McGee (now owned by Anadarko) in March 2006 against the Department
of Interior, which if won, could result in the government losing
royalties on virtually all deepwater leases. The federal court sided
with Kerr-McGee (pdf) in a ruling last year, but Interior has since
appealed.
From the leases given big oil and big ranching and big mining,
taxpayers don't receive a fraction of a fraction of a cent per dollar of
value received.
> Also I read somewhere
> that Exxon has paid four times more in taxes than it has maid in
> profit over its history. This demonizing of oil companies is a bunch
> of left-wing nonsense.
>
Grinning my ass off at your ignorance. Oil company current rant is, hey
if you tax us, it'll just be passed on to the consumer anyway!
When sitting before Congress, a trio of oil executives admitted that
they were earning so much money they had no idea how much they were
being paid. Exxon's last CEO was given more than $200 million in "thank
you" bonuses for his retirement.
>
>> not to
>> Exxon and that Exxon-Mobil is monopoly basically a re-put-together of
the
>> original Standard Oil broken up in 1912. They control everything from
the
>> ground through refining to final marketing and collude with OPEC to set
>> prices which is a true monopoly. Just giving them more of the pie is
NOT the
>> answer.
>>
>
> There is absolutely no indication that Exxon colludes with OPEC.
> That's utter nonsense.
>
Your doubting of that collusion is utter willful ignorance.
>> You can roll your eyes if you want but if you want a Grand Coulee Dam,
>> government has to be involved.
>>
>
> We already have the Grand Coulee Dam. What we need is more oil. So
> the government needs to open up areas where the oil is located and let
> the Exxons and Chevrons do their thing.
>
>
FIRST, they need to uncap existing producing wells and begin to drill in
land they're already permitted to drill on.
--
"Sarah, if the American people had ever known the truth about what we
Bushes have done to this nation, we would be chased down in the streets
and lynched."
--- George Herbert Walker Bush, in an interview with Sarah McClendon, 1992
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